Bernabeu club will sell star to finance deal for Etihad Stadium talisman.
Real Madrid will offer Arsenal striker Karim Benzema for £25million as they prepare their move for Manchester City captain Carlos Tevez.
Los Blancos boss Jose Mourinho has decided to move for the City talisman after losing out to the Blues in the race for Atletico Madrid striker Sergio Aguero.
Tevez, 27, has declared his intention to leave the Etihad Stadium this summer because he wants to be closer to his family.
The Argentinian has already seen one £40million bid from Corinthians fall through and has been trying to drum up interest from Inter Milan.
But the Serie A club cannot afford to buy him and pay his astronomical wages, leaving Real with a clear shot to Mourinho’s new number one target.
With Aguero moving to City, boss Roberto Mancini will be looking to offload Tevez so the club does not fall foul of the the new Financial Fair Play rules.
Real will hope to finance the deal by selling Frenchman Benzema to Arsenal for what would be a club record £25million.
The Gunners manager Arsene Wenger is a long-term admirer of the forward and could have plenty of disposable cash available if Cesc Fabregas completes a £40million move to Barcelona.
Mourinho has stated his desire of buying one striker this summer and would love the chance to link Tevez up with Cristiano Ronaldo again, following their days together at Manchester United.